Staples Inc. (SPLS) Dropped To A 1-Month Low On Weak 2013 Forecast

3/7/2013 7:00 AM ET

Staples Inc. (SPLS) reported fourth quarter adjusted net income from continuing operations of $0.46 per share Wednesday morning, up from $0.41 per share a year ago. The consensus estimate was for EPS of $0.45. The company expects full year 2013 earnings per share from continuing operations to be in the range of $1.30 to $1.35. Analysts expect the company to report 2013 profit per share of $1.43.

Staples gapped open lower Wednesday and pulled back during the first hour of trade. The stock ended the session down by 0.95 at $12.34 on above average volume and dropped to over a month and a half low.